FireEye: 1Q Earnings Snapshot

MILPITAS, Calif. (AP) _ FireEye Inc. (FEYE) on Tuesday reported a loss of $76.3 million in its first quarter.

The Milpitas, California-based company said it had a loss of 35 cents per share. Losses, adjusted for stock option expense and amortization costs, were 2 cents per share.

The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The computer security software company posted revenue of $224.7 million in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $220.5 million.

For the current quarter ending in July, FireEye expects its results to range from a loss of 3 cents per share to a loss of 1 cent per share.

The company said it expects revenue in the range of $213 million to $217 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $223.2 million.

FireEye expects full-year earnings in the range of 3 cents to 7 cents per share, with revenue ranging from $880 million to $900 million.

FireEye shares have dropped 31% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.48, a drop of 27% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FEYE at https://www.zacks.com/ap/FEYE